Advantest Corp. (OTCMKTS:ATEYY) Short Interest Update

Advantest Corp. (OTCMKTS:ATEYY) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 240,400 shares, a growth of 621.9% from the August 15th total of 33,300 shares. Based on an average trading volume of 398,100 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 398,100 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Zacks Research downgraded Advantest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. Wall Street Zen raised Advantest from a “hold” rating to a “buy” rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Advantest Price Performance

Shares of OTCMKTS:ATEYY opened at $94.35 on Friday. The business has a 50-day moving average price of $76.10 and a 200 day moving average price of $60.02. Advantest has a 12-month low of $33.70 and a 12-month high of $95.47.

Advantest (OTCMKTS:ATEYY) last announced its earnings results on Tuesday, July 29th. The company reported $0.85 EPS for the quarter. Advantest had a return on equity of 29.15% and a net margin of 19.95%.The company had revenue of $1.83 billion during the quarter. Equities analysts predict that Advantest will post 1.61 earnings per share for the current fiscal year.

About Advantest

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.